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13m ago
Please explain.
Your federal tax return or your federal tax refund? Which tax year are you referring to?
14m ago
why do i need this form for Florida
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14m ago
This is an additional deduction, not a credit, and not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered i...
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This is an additional deduction, not a credit, and not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.
Note, this deduction has income limitations. It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).
This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.
You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.
14m ago
Am I at risk of business losses from the partnership?
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14m ago
I put in April 1st as a withdraw date but also cannot find that on my return
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14m ago
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14m ago
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are...
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If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
15m ago
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1...
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It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….
15m ago
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15m ago
State and local taxes paid are: -any state withholding from your paychecks, retirement checks, unemployment checks, etc. -a state tax due you paid last year -any state estimated tax payments you m...
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State and local taxes paid are: -any state withholding from your paychecks, retirement checks, unemployment checks, etc. -a state tax due you paid last year -any state estimated tax payments you made during year including an overpayment applied from last year -any local taxes withheld on your checks like SDI in box 14 or 19 on your W2
15m ago
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15m ago
If you are getting a Needs Review at the final step of filing your TurboTax return you can try the steps listed below to resolve this.
Go out of your program, close your browser and go back...
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If you are getting a Needs Review at the final step of filing your TurboTax return you can try the steps listed below to resolve this.
Go out of your program, close your browser and go back in.
Clear your cache and cookies. Click here for How to clear your cache. Click here for How do I delete cookies?
Try a different Web browser, such as Chrome or Firefox.
If you are using a VPN, disable it.
Make sure your internet connection is strong and stable
If you are using TurboTax Desktop, you can manually check for updates for your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates."
Also, make sure all of your Forms W-2 are complete and accurate. Delete and re-enter them if necessary. I have listed the steps below.
Often, you can still go forward and file your return even if you are getting a Needs Review as long as everything is complete and accurate.
See also:
How do I manually enter my W-2?
Please return to Community if you have any additional information or questions and we would be happy to help.
15m ago
I am getting these options while updating information in Turbo Tax software? Does it mean Turbo Tax has already computed MAGI at the backend and hence giving me the options?
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15m ago
I am just putting this out there because Turbo Tax does not make it easy to leave feedback. There is a question under social security income that defaults to yes you lived in a foreign country. That t...
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I am just putting this out there because Turbo Tax does not make it easy to leave feedback. There is a question under social security income that defaults to yes you lived in a foreign country. That then makes your social security income not taxable. This is really disappointing and clearly the IRS knows this is an issue because they are catching it when the returns are submitted.
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16m ago
Pending indicates that you have authorized TurboTax to E-file your tax return, but the IRS has not yet picked it up. Once the IRS does, it will either be Accepted or Rejected.
16m ago
I don't think you can. Why? It shouldn't make any difference or affect your actual tax return. Were you making a paymente with the extension you don't want to pay now?
17m ago
Can I withdraw request to extend
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